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GIC Re: Underwriting its future
2017 was an eventful year for GIC Re. In an interview with Asia Insurance Review, Mrs Alice G Vaidyan, Chairman-cum-Managing Director, GIC Re, assesses their achievements during the year and their plans for the years ahead.

Source : AIR | 01 Jan 2018
Indian non-life insurance industry: Performance and potential
The Indian insurance industry has been on a roll for the last 17 years. It is now on a threshold to make the big jump into the super league. Mr R Chandrasekaran of General Insurance Council of India outlines what the non-life insurance industry has achieved over the years and what remains to be tapped.

Source : AIR | 01 Jan 2018
Plenty of potential and promise ahead
GIC Re’s Reena Bhatnagar talks about the progress made in climate change, the corporation’s recent loss and performance.

Source : AIR | 01 Jan 2020
When will the woes of Indian farmers end?
Government, insurers and reinsurers need to work out a model that will be sustainable in the long term and also provide solace to farmers in distress.

Source : AIR | 01 Jan 2020
Index-based agri solutions can boost insurance penetration in Asia
Parametric solutions can help insurers propagate agriculture insurance in Asia, provided they can manage some of the tricky issues that come with it.

Source : AIR | 01 Oct 2017
An agricultural world-first
AgriTask and Mapfre recently launched a ground-breaking innovation for the agricultural sector, which would allow for much improved efficiency in a complicated industry. We spoke to AgriTask CEO Israel Fraier about the unique capabilities of this platform.

Source : AIR | 01 Oct 2018
The worst flood in a century
In August, Kerala was devastated by floods of biblical proportions, caused by torrential rains over a three-week period resulting in close to 500 deaths and economic losses amounting to $5bn. We look at the factors behind this unprecedented natural calamity and how the insurance industry can deal with such events in the future.

Source : AIR | 01 Oct 2018
Indonesia: Country's first farm insurance scheme launched
The government has launched the country’s first farm insurance programme to help farmers avoid losses from agricultural activities, Agriculture Minister Amran Sulaiman has announced.

Source : AIR | 01 Nov 2017
Making agriculture insurance more attractive to farmers
Despite being the second- largest agricultural insurance market globally, there is still a protection gap in this sector in China. Ms Arina Tek of Peak Re suggests ways this can be addressed.

Source : AIR | 01 Nov 2017
Turkey: Agricultural pool expects premiums to reach $466 mln by end-2017
Tarsim, Turkey’s agricultural insurance pool, expects its premium volume to increase to TRY1.7 billion (US$466 million) by the end of the year, from TRY1.5 billion at present.

Source : MEIR | 01 Nov 2017
Samsung Re: Expanding beyond group business
Samsung Re has been keeping a low profile since its inception in 2011 but of late, the reinsurer has adopted a new strategy to expand its operations beyond its group business and into newer territories across Asia. We speak to Mr Tae Y Choi, CEO, Samsung Re at the SIRC, to find out the plans and strategies ahead for the company.

Source : AIR | 01 Dec 2017
Bhutan: Industry maintains growth momentum
The insurance industry in Bhutan, which is among the smallest countries in the world, has been growing at an average of 20% in the past five years and is expected to maintain this momentum going forward. There are currently two insurance companies operating in the market. GIC Bhutan Re is the sole reinsurer in the market.

Source : AIR | 01 Dec 2017
53 years, 53 countries, 265 members, 25th Conference - that's FAIR Land!
Soft insurance markets, low investment returns and rapid advent of digitalisation were some of the issues discussed at the recent 25th FAIR Conference. We bring key highlights.

Source : AIR | 01 Dec 2017
Satellite data offers new hope for flood-stricken farmers in India
Dr Giriraj Amarnath and Dr Alok Sikka of International Water Management Institute (IWMI), explain how satellite images and flood modelling tools can help farmers in India.

Source : AIR | 01 Mar 2018
New reinsurers are the flavour of the season!
Market participants in India have now transcended from finding the ideal reinsurance partner globally to having them in India itself! It is indeed ‘The New World of Reinsurance in India’.

Source : AIR | 01 Mar 2018
Pakistan: Farmers give input to improve crop insurance
Farmers are urging effective assessment of individual loss, quick settlement of insurance claims, increases in claim amounts and cover for horticulture as well, especially orange orchards and vegetable crops.

Source : AIR | 01 Apr 2018
Bangladesh: Government urged to promote farm insurance
The Asian Development Bank has called on the government to scale up sustainable agriculture insurance in Bangladesh.

Source : AIR | 01 Jun 2018
India: Call for better crop data to attract reinsurers

Source : AIR | 01 Jun 2018
Vietnam: Farmers to get premium subsidy for agriculture cover
Farmers from poor or near poor households will receive support of up to 90% for agriculture insurance premiums from the government, according to a new resolution issued by the authorities.

Source : AIR | 01 Jun 2018
A new paradigm in CAT Modelling for Indian crops
JBA Risk Management’s Iain Willis explains how modellers can overcome the challenge of developing probabilistic solutions for Indian crops.

Source : AIR | 01 Jun 2018
Bangladesh farmers can now breathe easy
Bangladesh suffers largely from the vagaries of nature with frequent droughts, flooding and storms that take a heavy toll on the farming community, whose livelihood is affected causing extreme distress and social unrest. We speak to Messrs Arup Chatterjee and Md Mortaza Golam from ADB on the impact of the crop insurance scheme and the experiences from the market.

Source : AIR | 01 Jul 2018
Asia: Protecting crops and farmers
Fifteen members of the collaborative UNDP-FAO Integrating Agriculture in National Adaptation Plans (NAP-Ag) Programme from Nepal, the Philippines, Thailand and Viet Nam were involved in a recent peer-to-peer exchange to discuss how proper application of climate information and applied research could inform better decision making and reduce loss.

Source : AIR | 01 Aug 2017
Philippines: Agri insurance is a national issue, says insurance commissioner
Agricultural insurance is no longer only a problem for farmers but has become a national issue that needs to be addressed, insurance commissioner Dennis Funa has said.

Source : AIR | 01 Aug 2018
Embrace probabilistic risk models for the world's biggest agricultural producers
Given the serious complexities of agricultural risks, academia and the insurance industry need to work hand-in-hand to meet the challenges, says Dr Laurent Marescot from RMS.

Source : AIR | 01 Sep 2017
China Crop - Are you prepared for an extreme loss year?
Agriculture insurers should consider “extreme loss” years in their strategic planning, as that can help them prepare better for possible events not reflected in the historical records, say Dr Jacqueline Chen and Ms Heidi Wang of AIR Worldwide.

Source : AIR | 01 Sep 2017
India: Picture-based loss assessment need of hour for crop insurance
The way forward to making crop insurance more of a success in India may lie in advanced methods such as picture-based loss assessment accurately to determine beneficiaries International Food Policy Research Institute (IFPRI) economist Dr Berber Kramer has said.

Source : AIR | 01 Sep 2018
A role for insurance in food security in Asia
While food and water security is a global issue, it is particularly important in Asia. Allianz SE Reinsurance branch Asia Pacific agriculture underwriter Sonia Rawal discusses.

Source : AIR | 01 Sep 2018
South Asia: A booster dose for agriculture insurance
The impact of climate change is making life increasingly difficult for farmers in South Asia. We look at a few markets in the region to understand the impact of agriculture insurance on the local population.
- The Pradhan Mantri Fasal Bima Yojana scheme
- Green Delta Insurance’s weather index-based agriculture insurance and yield index-based agriculture insurance.
- Agricultural and Agrarian Insurance Board’s cover for farmers of six crops - rice, onions, potatoes, chillies, maize and soybeans.
Source : AIR | 01 Sep 2018
Agriculture insurance is transforming in China
China’s agriculture insurance continues to grow rapidly and is likely to stabilise at 10-15% in the years ahead. China is also piloting new agriculture insurance schemes such as special crop and livestock insurance, price insurance and revenue insurance.

Source : AIR | 01 Sep 2019

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